The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
He is saying there is a seller.
Where does JW say he de risked here?
Kylie, to be fair, I do not think many of us are thinking anywhere near 30p. I added a few more yesterday at not much more than a penny. As this is aim, I am almost certain that with the right newsflow I'll get a fair percentage more back on those. If this deal does not materialise, then I think that would be a set back of at least another year. That is the gamble. I have been here a long time and going to stick this out now. The way I figure it, maybe we get 3p, or in exploration success, a rise on hype over 5p? The more I have the more I make when I finally get out.
Totally agree sundance. Firstly, great that GL did a little PA as the silence was deafening. I was thinking before I listened that tomorrow might be a good time to pick up some more cheap shares, but I think there is still time as Autumn was mentioned as the time for more substantial news and we are not over the line yet with Phase 2 funding.
And really? How hard do they think they are working for their salaries? Get in the real World! How tough can it be?!
This is positive news, useful cash and we made money on the deal. Didn't seem to be going anywhere. Duyong is the key here I feel. A bit disappointed there has been no news on this yet tbh.
Ok I will take a closer look ..thanks
I do not distrust JW, but he gets over enthusiastic sometimes ( which does give his tips a nice bit of fuel ) but despite what he preaches, he rarely takes too much note of the downsides. You can have the best products in theory with a great market,but look at SO4 and gfinity to name but 2.
This has already risen nearly 500% from this year's low.
As with most AIM companies there are so many IFS here. There is nothing concrete at this stage and this has risen because a spotlight has been shone on it and is in favour with JW sharepickers. It could come good but most do not if we are honest.
Fwiw, I added some more yesterday and may do again this week ahead of the new ceo joining . There is no doubt in my mind that it is a combination of the share price rising very quickly and people selling to but Lunglife ai which is basically having a rinse/repeat of what happened here. I have not deeply researched, but I feel there is something more tangible here than there so I have taken advantage of the temporary weakness.
Major-Tom, that is my conundrum today. Pick up some more a bargain basement prices just before great news, or just leave what I have riding incase the news is bad. I think GL is a good, honest guy, but he cannot control everything and Sound has provided so many false dawns and let downs in the past. I'm really surprised there has not been any kind of update now, even just to say negotiations are on going, or whatever. It is never straightforward with Sound, that is for sure!
We are so far behind time lines, as always, and I just do not get this rise? Very welcome of course, but we still haven't secured a rig yet have we?? I haven't been following too closely lately, but first gas this year seems impossible as it will soon be September. I'm hoping there is a leak and good news is just around the corner.